Japanese Yields Rise

By

Andrew Monahan

March 15, 2011 8:46 a.m. ET

TOKYO—Investors increasingly concerned that Friday's devastating earthquake may worsen the country's fiscal situation sold Japanese government bonds, pushing up yields, while banks trimmed holdings to cover losses suffered from the plunge in domestic stocks.

The selling of bonds could continue in the coming days if share markets continue to tank, analysts said, though the negative economic impact of the earthquake should keep support...